ECB changing stance

The main objective of the European Central Bank (ECB) is to maintain inflation in the euro area at below 2 percent to achieve this strategy of price stability; it follows a two-pillar analytical approach to assess the risks to price stability and its monetary policy actions: the economic analysis and the monetary analysis. The monetary pillar, which makes use of the quantity theory of money, was heavily criticized by many in that it was not relevant to monetary policy decisions. In November 2013, a paper published by the ECB itself casted doubt on the effectiveness of the quantity theory of money stating that countries with moderate or low inflation don’t fit this theory.

9. What is implied by this news clip about the ECB’s position prior to 2013 about the velocity of circulation, the equation of exchange, and the quantity theory of money?

10. What is implied by this news clip and the ECB paper about both the position of the critics of the ECB’s use of monetary analysis and the ECB’s position after 2013 concerning the velocity of circulation, the equation of exchange, and the quantity theory of money?

What is the environment scanning in the BPOLAND case study

Which of the following is true of the early stages of a recovery?

a. job creation is rapid but the unemployment rate stays high
b.   job creation is slow and the unemployment rate stays high
c.   job creation is rapid and the unemployment rate falls quickly
d.   job creation is slow, but the unemployment rate tends to fall very quickly

Which of the following statistics does the general public usually watch closely in order to assess or determine how the macro economy is doing?

a.    the inflation rate derived from the CPI-U
b.    the inflation rate derived from the CPI-W
c.    New Jobs Created
d.    the Unemployment Rate
e.    real GDP

“Planning” often has the connotation of being precise and optimal. However, in actual practice, the goal of “material balancing” in the Soviet Union was to
a.    simply get a roughly balanced plan
b.    get a plan that maximized consumer goods production
c.    get a plan the was the very best plan for the economy
d. get a plan that made communist distribution possible
e.    get a plan that was not optimal, but one that was fair to all

6. Which of the following statements is (are) correct?
(x) The nominal exchange rate is the rate at which a person can trade the currency of one country for the currency of another country.
(y) If the nominal exchange rate is 20 Mexican pesos per U.S. dollar, it is also 0.05 U.S dollar per peso.
(z) If the nominal exchange rate is 0.75 euro per U.S. dollar, then a meal that costs 30 euros would cost 40 U.S. dollars.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (x) only

Which of the following statements is (are) correct?
(x) The real exchange rate is the rate at which domestic goods are traded for foreign goods.
(y) An appreciation of the U.S. real exchange rate induces U.S. consumers to purchase more domestic goods and fewer foreign goods.
(z) Suppose the nominal exchange rate is 10 Mexican pesos per one U.S. dollar. If a hat costs 100 pesos in Mexico and 10 dollars in Texas then the real exchange rate is specified as one Mexican hat equals one American hat.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (x) only

Which of the following could be a consequence of a depreciation of the U.S. real exchange rate?
(x) Stan, a U.S. citizen, decides that his trip to Japan would be too costly and cancels his trip.
(y) Jack, an Australian citizen, decides that buying ceiling fans from the United States will now be less costly and doubles his order.
(z) Joe, a U.S. citizen, decides to import less engine parts for his auto parts company.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (x) only

The inverse market demand curve for bean sprouts is given by P(y ) = 100−2y , and the total cost function for any firm in the industry is given by TC(y)=4y. a. If the bean-sprout industry were perfectly competitive, what would be the industry output and price? b. Suppose that two Cournot firms operate in the market, and each firm has the above total cost function. Find the reaction functions of the two firms. c. Find the Cournot equilibrium output and price. d. For the Cournot case, draw the two reaction curves and indicate the equilibrium point on the graph. e. If the two firms decide to collude, what will be the industry output and price? f. Suppose one firm acts as a Stackleberg leader and the other firm behaves as a follower. Write down the maximization problem for the leader. g. What are the levels of output of the leader and follower? What is the industry price? Compare them to the Cournot case.

1. Using optimization theory, please comment on the following quotation:

“If Congress cuts out the NASA space station, we will have wasted all the resources that we have already spent on it. Therefore, we must continue funding it.”

Question 1 Suppose we have two goods, whose quantities are denoted by A and B, each being a real number. A consumer’s consumption set consists of all (A; B) such that A ≥ 0 and B > 4.

His utility function is: U (A, B) = ln(A + 5) + ln(B - 4). The price of A is p and that of B is q; total income is I. You have to find the consumer’s demand functions and examine their properties. You need not worry about second-order conditions for now.

(i) Solve the problem by Lagrange’s method, ignoring the constraints A ≥ 0, B > 4. Show that the solutions for A and B that you obtain are valid demand functions if and only if I ≥ 5p + 4q. (ii) Suppose I ≥ 5p + 4q. Solve the utility maximization problem subject to the budget constraint and an additional constraint A ≥ 0, using Kuhn-Tucker theory (Bear in mind that the Kuhn-Tucker conditions coincide with the ordinary first-order Lagrangian conditions). Show that the solutions for A and B you get here are valid demand functions if and only if 4q < I ≤ 5p + 4q. What happens if I ≤ 4q?

In each of the following parts, consider the above cases (i) and (ii) separately.

(iii) Find the algebraic expressions for the income elasticities of demand for A; B. Which, if either, of the goods is a luxury?

(iv) Find the marginal tendencies to spend on the two goods. Which, if either, of the goods is inferior?

(v) Find the algebraic expressions for the own price derivatives ?A/?p, ?B/?q. Which, if either, of the goods is a Giffen good?

1. do you feel that the educational requirements for police officers are too lenient? Why or why not? What educational standards would you suggest?
2. Do you feel that law enforcement needs to be diverse, hiring more minorities and women? Why or why not?  
3. As Chief of Police, what steps would you take to hire more minorities and women.
4. In states where marijuana is legal, do you feel that police departments should weaken or eliminate their drug policies and allow officers to use marijuana and/or other substances? Why or why not?

3. In the multiplier-accelerator interaction model, how does cyclical time path form and what will lead to its divergence from long-run equilibrium output

Please I need today answer for This question and it is very important and I need solution for this issue with all the details , and help me with all the details.Please write your answer to me by typning  not by hand writing, so that I can read and understand your answer clearly.thanks in advance/Ha

Q What measure can we use to empirically test the responsiveness of hours worked to changes in the wage rate? What can we conclude if this measure is positive, what if it is negative? What do we know empirically about individual’s responses to changes in the wage rate?

Q) State whether the following statements are true or false. Shortly explain your answer in 1-2 sentences.

a) The life cycle model of labor supply predicts that wage increases along the expected wage-age profile can lead to decreases in an individual’s hours worked.

b) In a model with a perfectly competitive firm, the two profit maximizingconditions VMP_E = w and MC=p are equivalent in the short run.

c) Labor Demand is more elastic in the long run than in the short run.

d) In a monopsony with a non-discriminating monopsonist the labor supply curve equals the marginal cost of labor

europe vs United handing of the Covid 19 pandemic. please comment

a. A house is worth $400,000 in 2020, but was worth $150,000 in 1990. Using prices in 1990 as the base year, know that prices in the economy have grown on average by 1.50 times between 1990 and 2020.

(i) If the price of the house had risen at the same rate as average prices, what would the house be worth in 2020? Briefly explain your answer.

(ii) Without doing any calculations, but simply based on information in the question and your response in (i), would you be better off having bought this house in 1990 or 2020? Briefly justify your answer.

(iii) Calculate the rate of inflation between 1990 and 2020.

b. Assume wage negotiations are done and agreed based on the CPI. Briefly explain what happens to employers and employees when the CPI is upwardly biased (i.e. the CPI is estimated to be higher than what it should be).

LP3 Assignment: Milestone 3:

Communications, Negotiations and Strategy Formation This assignment will assess competencies 3.

Develop effective cross-cultural communications and negotiation skills to be used in a multinational setting and 4. Develop strategy formulation and implementation for management in multicultural organizations.

Directions

We will continue to work on the due diligence analyses of the three countries chosen in LP1. For each of your chosen countries

My country choices

1. Emerging Country: India

2. Developing country: Saudi Arabia

3. Developed Country: Australia

, you will write up an analysis of the impact of communications and negotiations with the U.S. while doing business. Your analysis will be based on chapters 7 and 8 of your text, and information from websites and other research. You should also address the strategy you would choose to enter each country and explain your rationale. Also, discuss any areas of concern you may encounter with your business dealings with each of your countries. You will follow APA (6the edition) formatting (no abstract is required for this milestone) with title and reference pages, indented paragraphs and a minimum of four APA formatted references and associated in-text citations. This information, and that of the following LPs, will become part of your final project artefact.